RHB Investment Research Reports
Trading Stocks - Datasonic Group
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Publish date: Tue, 06 Feb 2024, 11:20 AM
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An official blog in I3investor to publish research reports provided by RHB Research team.
All materials published here are prepared by RHB Investment Bank Bhd. For latest offers on RHB Invest trading products and news, please refer to: http://www.rhbinvest.com
RHB Investment Bank Bhd
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All materials published here are prepared by RHB Investment Bank Bhd. For latest offers on RHB Invest trading products and news, please refer to: http://www.rhbinvest.com
RHB Investment Bank Bhd
Level 3A, Tower One, RHB Centre
Jalan Tun Razak
Kuala Lumpur
Malaysia
Tel : +(60) 3 9280 8888
Fax : +(60) 3 9200 2216
Datasonic Group is poised for an uptrend rebound after bouncing off the 21-day SMA line and testing the MYR0.46 immediate resistance level on higher trading volume. If a breakout occurs above this level, the bulls are likely to propel the stock towards the MYR0.50 resistance level, followed by the next one at MYR0.55. If the price falls below the support level at MYR0.435, it would signal the beginning of a correction.
Source: RHB Securities Research - 6 Feb 2024
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